Congressional Judiciary Committee Says EB-5 Investor Visa Program “Key to Creating American Jobs”

On September 14, 2011, the Congressional Judicial Committee held a hearing on the future of the EB-5 Investor Visa Program. The hearing topic was "The Investor Visa Program: Key to Creating American Jobs."

An opening statement by the Chairman of the Committee, Lamar Smith, highlighted the responsibility of Congress to create jobs and how the EB-5 program, particularly the regional centers, can play a key part in achieving this goal.

Congressman Smith emphasized that the regional center program has created an estimated 65,000 jobs and attracted over $3 billion dollars in investment funds to the U.S. In difficult economic times, he emphasized, state and local governments can look to regional centers as partners in generating economic growth.

You can read the full text of Congressman Smith's statement on his website. You may also watch a webcast of the hearing for more details.